A tax on super-rich wealth is justified.

A tax on super-rich wealth is justified.

A wealth tax of less than 1% on wealth in excess of a $100 million can yield roughly $80 billion a year.

This tax is fair.

Middle Class people pay a 1% property tax each year on housing (maybe 60-80% of their net worth). Houses are a puny asset for $100 million+  class (less than 9% of their assets) A wealth tax on the super-rich can fix this. The $80 billion it generates yearly can go to the government or to the Middle Class.

For background:  www.growthemiddleclass.com